MLS#26011325
STATUSActive
PROPERTY TYPEResidential - Office
Property Description
Location, Location, Location! An unbeatable investment opportunity awaits the savvy investor in the absolute heart of downtown with this premier 6-level mixed-use building. The property features a high-visibility ground-floor retail space with large windows perfect for attracting maximum foot traffic, situated beneath 5 spacious residential units that provide a steady, diversified income stream. Financially optimized for low landlord oversight, all utilities are completely separate with tenants paying for their own heat, gas, and electric, while the landlord is only responsible for water. The asset currently generates a robust Net Operating Income (NOI) of $73,418 on a Gross Rental Income of $126,840, offering immediate, incredible upside potential to maximize your return since all rents feature a built-in 5% annual increase and one apartment is delivered vacant, ready for immediate market-rate rental. Sold strictly "AS-IS,"
Property Features
Property Type: Residential - Office
Taxes: $38,822
Feature Descriptions
Days on Site: 91
Utilities: SEPERATE Elec, SEPERATE Gas, SEPERATEerate Heat
Listed By / Shown By
Listing By
Agency Name: Realty 7, LLC
Agency Phone: 201-292-7777
Shown By
Agency Title: Joyce Realty
Agency Phone: (800-275-5692)
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Estimated Payment
$ 3,235.17 per month $0.00 Principal & Interest $3,235.17 Property Tax $0.00 Homeowner's InsuranceChange Payment Information
Corporate Headquarters
7 E Central Ave, Unit 15, Pearl River, NY 10965Phone: 800-ASK-JOYCE (800-275-5692)
Joyce Realty® and Logo are registered trademarks of US Patent & Trademark Office: Reg. No. 5,743,966-Ser. No. 88-0075,379. All rights reserved.
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 07/05/2026. The listing information on this page last changed on 07/05/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sun 07/05/2026 12:00:02 AM EST) or NJMLS/ IDX (last updated Sat 07/04/2026 11:23:39 PM EST) or OneKey MLS (last updated Sat 07/04/2026 11:53:19 PM EST) or REBNY MLS (last updated Sat 07/04/2026 9:23:24 PM EST). Real estate listings held by brokerage firms other than Joyce Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than this company are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed.
Source: New Jersey Multiple Listing Service, Inc.
© 2026 New Jersey Multiple Listing Service, All rights reserved
Privacy Policy / DMCA Notice / ADA Accessibility
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than this company are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.All information deemed reliable but not guaranteed.
Source: New Jersey Multiple Listing Service, Inc.
© 2026 New Jersey Multiple Listing Service, All rights reserved
Privacy Policy / DMCA Notice / ADA Accessibility
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242-244 Main Street | MLS# 26011325
This real estate located at 242-244 Main Street, Paterson, NJ 07505 is currently listed for sale with an asking price of call for price. Search Paterson real estate on www.joycerealty.com today.